KUALA LUMPUR, June 18 -: Berjaya Land Bhd has signed a memorandum of understanding (MOU) with Impianan Utara Sdn Bhd to jointly explore and develop two economic projects in Perlis..
The projects comprise the exploration and development of rare earth and other strategic minerals within Perlis and a large-scale plantation project involving Napier hybrid grass and Blackthorn durians. Both projects will be carried out in collaboration with Menteri Besar Incorporated (MBI) Perlis, the state’s investment arm.
In the signing ceremony on Tuesday, Impianan Utara executive director Datuk Haji Syed Tajul Arif Baharoon Jumlud told the press that the mining exploration is targeted to begin in July 2025, with a licence application in January 2026 and mining activities to begin in November of the same year. The project has an initial investment of RM15 million, with an additional RM120 million for a processing factory.
As for the grass and durian plantations, they will be developed at a 3,000-acre site in Mukim Titi Tinggi over several phases. As of early September 2024, there are some 25,000 durian trees planted with a capital expenditure of RM60 million.
“The projects announced in today’s event are a big step forward, not just for Berjaya but for Perlis. We hope this initiative will be able to contribute significantly to the economic development of the state, which has a lot of untapped potential,” said Berjaya Group founder and advisor Tan Sri Vincent Tan Chee Yioun at the event today, adding that both projects are still in the planning stages.
Beyond these projects, Berjaya Land and Impianan Utara will also be exploring further collaborative opportunities including a border city development and tourism-related initiatives in Perlis.
The signing, which was held at the Berjaya Times Square Hotel in Kuala Lumpur on Tuesday, was also attended by Perlis Menteri Besar Mohd Shukri Ramli.
